Shares of SunPower Corporation (NASDAQ: SPWR) jumped as much as 13.6% on Friday after the company signed a supply deal and investors took a second look at earnings. At 1:20 p.m. EST shares were up 9% on the day.
The big news in the lat 24 hours was a 64.4 MW supply agreement with La Compagnie du Vent, a subsidiary of Engie, in France. The agreement is for E-Series solar panels and while timing wasn’t announced it’s likely shipments will be in the next 18 months.
Image source: SunPower.